Day seven of COP26 highlighted the need for adaptation and the risks of loss and damage, where nations at risk, especially developing and island nations, called for help. It has already been said adaptation needs five to ten times more funding in the future, as without it, the damage could be extreme.
Race to Resilience, a campaign created by the United Nations, has presented new metrics to assist businesses, cities and regions in assessing the resilience they have against climate change and whether the measures they’re taking will be enough. Currently, it is thought that this will aid 2.3 billion people globally and Race to Resilience hopes that this will grow to 4 billion by 2030.
The United Nations Fashion Charter, created in 2018 and signed onto by 130 fashion brands such as Adidas, NIKE and Primark, has been updated. The original goal of 30% emission cuts by 2030 have been changed to 50% emission cuts and net-zero goals for 2050. Additional requirements have also been made, such as using 100% clean electricity from renewable sources and the removal of coal down the supply chain by 2030. These changes should mean that the fashion industry can collectively line up with the Paris Agreement.
The Adaptation Fund, designed to help developing countries plan and implement adaptation projects, has been given a collective $232 million (~£171m) by several governments, including the UK, USA, Germany, Spain, Italy and Canada, the largest amount given to the Fund currently. The UK contributed $20 million of this and has announced a separate package of £274 million for adaptation, transitioning from carbon and conservation for the Asia-Pacific region as well as an extra £1 million support for natural disaster responses. Some green groups point out the UK’s failures in the past with adaptation funding and the current strain on budget due to the pandemic.
The $100 billion annual pledge for developing countries has yet to have been met, though at the start of COP26 the UK, Germany and Canada published a plan that was meant to guarantee that developed nations provided this funding in full from 2023. However, there has been little information on this pledge and it is said that loss and damage are still not brought to attention much in negotiations. Despite this, there is hope that delivery can be made in 2022, Alok Sharma, the president of COP26, has stated that depending how the summit goes that it would not be unreasonable.
Former US President, Barack Obama, has made his way to COP26 to give a speech and bring his opinion to light. Speaking on the Trump administrations hostilities towards climate action and makes note of the tensions around the world caused by the Covid-19 pandemic, he made it clear that whilst progress has been made despite resistance and peril, it’s not enough. “There is one thing that should transcend our day-to-day politics and geopolitics, and that is climate change. Not only can we not afford to go backwards, we cannot afford to stay where we are.” He announced to the nations, concluding his speech with the reality that problems will arise and that victories won’t always be celebrated, as well as stating that he would spend the rest of the day talking to the youth he called “rightly frustrated.” Obama ended his speech with “If we stay with it, we will get this done.”